06/20/2013 12:00 p.m. - 02:00 p.m. EDT
Capital Markets, Banking + Financial Services, and Financial Institutions + Financial Services
Barbara R. Mendelson
The Federal Reserve’s proposed enhanced prudential standards will into effect on July 1, 2015, and are expected to bring unprecedented and significant changes to the regulation of foreign banking organizations (FBOs) with new requirements to address risk management, stress testing, early remediation, liquidity and debt-to-equity limits. With the proposed standards to implement a “rebalanced approach” in regulating non-US banks with U.S. operations, large FBOs will be mandated to establish an intermediate holding company (ICH) that will hold all US bank and nonbank subsidiaries and shall be subject to U.S. capital, liquidity and other enhanced prudential standards.
Topics of discussion will include:
The Knowledge Group will offer CLE credit.
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